Bannerman Energy Ltd · ASX:BMN
Bannerman Energy — Bannerman Resources — HK Mines and Money Presentation (March 2011)
27 slides from Bannerman Energy's conference presentation, Mar 22, 2011
Slide 1: Corporate Presentation March 2011
For personal use only Corporate Presentation March 2011
Slide 2: Technical Disclosures and Forward-Looking Disclaimers
Technical Disclosures and Forward-Looking Disclaimers For personal use only Certain disclosures in this presentation, including management's assessment of Bannerman Resources Ltd’s plans and projects, constitute forward-looking statements that are subject to numerous risks, uncertainties and other f
Slide 3: Nuclear Power Utilities: Chasing limited new uranium sources
Nuclear Power Utilities Chasing limited new uranium sources For personal use only 120 Nuclear Reactor Build Programs Estimated Number of Nuclear Power Reactors World Nuclear Association Estimates 2009-2030 100 80 High Growth Regions 60 40 20 0 Canada China France India Japan Korea Russia Sweden Ukra
Slide 4: Pure Investment Exposure to Uranium
Pure Investment Exposure to Uranium Bannerman equity leveraged to U3O8 price For personal use only 5-7 Mlbs U3O8 per year over +20 year mine life Right Scale 212 Mlbs defined (Top 10 largest undeveloped deposit) Further opportunities to increase cashflow margins Namibia, premier location 3
Slide 5: Top Global Project of Pure Uranium Projects
Top 10 Global Project For personal use only Contained Resources (Mlbs U3O8) of Pure Uranium Projects 1000 856 800 619 600 502 446 407 400 367 343 256 212 173 200 0 Elkon Husab Inkai Cigar Lake Rössing McArthur River Etango Imouraren Langer-Heinrich Ranger/Jabiluka Source: Company presentations and d
Slide 6: Accomplishments in 2010
Accomplishments in 2010 Stayed focused, worked hard, and today present a substantial company For personal use only Resource Expansion: new zones discovered during infill drilling leads to additional resources. Etango Project Feasibility Study: low technical risk project enjoys benefits from unique a
Slide 7: Objectives for 2011
Objectives for 2011 For personal use only 1. Complete Definitive Feasibility Study (DFS) by end of March 2012 quarter. 2. Project value engineering and cashflow margin expansion. 3. Secure development partner(s). 4. Obtain mining licence. 5. Regional exploration success. 7
Slide 8: Namibia: Premier uranium mining jurisdiction
Namibia Premier uranium mining jurisdiction For personal use only Stable democratic government. Etango 4th largest uranium producing Uranium country – ambitions to grow. Project Swakopmund Walvis Bay Windhoek Political and social support of uranium mining. 35 years of uranium mining – curren
Slide 9: Premier Uranium Province
Premier Uranium Province 212 Mlbs U3O8, nearby infrastructure & 1,300 km2 landholding For personal use only 9
Slide 10: Etango Project Layout
Etango Project Layout For personal use only 10
Slide 11: Etango Project Layout
Etango Project Layout For personal use only 11
Slide 12: Dynamic on/off Heap Leach Pad
Dynamic on/off Heap Leach Pad For personal use only Dynamic on/off pad Stacking and reclaiming “Racetrack” end Central conveyors Stacker Reclaim bucket wheel 12
Slide 13: Key Project Features
Key Project Features Accessible, Uncomplicated and Big For personal use only Proximity to infrastructure including port, power, water and labour. ~90% of mineralisation internal to alaskite, offering mining advantages. Low acid consuming – no carbonate-rich Rössing Formation. Low open pit st
Slide 14: Capital Costs
Capital Costs Pre-production Capital Cost Estimate, December 2010 US$ million For personal use only Mining – establishment & pre-stripping 33 Mining – initial mining fleet 64 Processing plant & associated heap leach pad construction 203 Infrastructure and utilities 191 Indirect & other costs 55 Owne
Slide 15: Operating Costs
Operating Costs Operating Cost Estimate, December 2010 US$/tonne US$/lb U3O8 For personal use only Mining 8.24 22.60 Processing: Consumables, labour, maintenance & other 3.83 10.50 Sulphuric acid 1.33 3.64 Power 0.90 2.47 Water 0.23 0.62 6.29 17.23 General & administration 0.94 2.58 Operating Cost B
Slide 16: Project Value Engineering
Project Value Engineering Target improvement areas For personal use only • Materials handling – back-fill strategies, waste dump optimisation, and in-pit crushing and conveying. • Plant throughput and mine life relationship. • Improved utilisation of existing resource and targeting of new higher gra
Slide 17: Optimising Existing Resources
7,488,800 mN Optimising Existing Resources a a Upside economics in satellite deposits not yet in mining study For personal use only b 7,488,300 mN b a a b b c c c 7,488,600 mN c Infill drill to Indicated status 17
Slide 18: An Etango Advantage: Consistent high metallurgical recoveries
An Etango Advantage: Consistent high metallurgical recoveries For personal use only 7m column - Progressive U extraction and acid consumption Heap Leach 100% 25.0 90% 4mm crush size. Acid Consumption kg/ t ore 80% 20.0 acid leach stopped; 70% U extraction -% water rinse commenced. 60% slow acid co
Slide 19: Uniform and Rapid Column Test Leaching
Uniform and Rapid Column Test Leaching 7 metre column test at Ammtec Laboratories, Perth For personal use only Coarse granitic sand, visually open & permeable Base of 7 metre Column 19
Slide 20: Targeted Development Timetable
Targeted Development Timetable For personal use only 20
Slide 21: Proven Track Record for Resource Growth
Proven Track Record for Resource Growth For personal use only 21
Slide 22: Exploration: distinct mineralised trends in favourable stratigraphy
Exploration 3 distinct mineralised trends in For personal use only favourable stratigraphy Over 20km of accessible 3 strike length, with only 1/3rd drilled to date. Refer 1 next New uranium targets generated slide through RadonXTM and radiometric surveys. Drilling program for 2011 of 10,000-15
Slide 23: Cheetah & Ombepo: Encouraging early drilling results
Cheetah & Ombepo Encouraging early drilling results For personal use only Completed 17 holes over 3km strike length at Cheetah. Shallow intercepts confirm uranium mineralisation: 10m at 339ppm from 18m downhole. 8m at 240ppm from 20m downhole. 2m at 349ppm from 20m downhole. Reviewing re
Slide 24: Etango-Hyena-Ondjamba Triangle
Etango-Hyena-Ondjamba Triangle Prospective near-project targets For personal use only Etango Historical high- Deposit grade intercepts of up to 16m at 1,021ppm U3O8 at Hyena. Ondjamba Deposit Drilling now underway to test continuity and target potential Hyena Hyena high- Deposits grade zones. 24
Slide 25: Capital Structure
Capital Structure As at March 18, 2011 For personal use only Share price A$0.45 Shares - currently on issue 234M Options - exercise prices A$0.40-7.50/share, avge A$2.12/share 18 M Employee performance rights 3M Convertible Note - matures Dec-2011 for A$10M or 16.3M shares 16 M Contingent Share Issu
Slide 26: The Etango Advantage - Security of Supply
The Etango Advantage - Security of Supply For personal use only Scale & Longevity 212Mlbs U3O8 and 5-7 Mlbs per annum. +20 year mine life. Low sovereign risk Politically stable with established mining legislation. 35 year history of uranium mining and exporting. Established infrastructure.
Slide 27: Right Place • Right Scale • Right Team
www.bannermanresources.com For personal use only Right Place • Right Scale • Right Team
Bannerman Resources — HK Mines and Money Presentation (March 2011) on 6ix